Which of the following journals records the subsequent measurement of this financial instrument at 31 December 20X3?

On1 September 20X3, GH purchased 200,000 $1 equity shares in QR for $1.20 each and classified this investment as held for trading.

GH paid a 1% transaction fee to its broker on this transaction. QR’s equity shares had a fair value of $1.35 each on 31 December 20X3.

Which of the following journals records the subsequent measurement of this financial instrument at 31 December 20X3?

A . Option A
B . Option B
C . Option C
D . Option D

View Answer

Answer: A